European Central Bank @ecb@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
We’ve met our interim targets for the share of women in management and entry-level positions at the ECB. Now we’re working to further improve the gender balance at all levels as part of our broader diversity and inclusion efforts.
Find out more https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230331~ffc5c24d24.en.html
How did euro area bank interest rates evolve in February? How do they compare with January’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2302~efed62bf73.en.html
RT @FrankElderson: A resilient financial system is paramount for the green transition as major private and public investment is needed to make it happen.
This stress test will offer policymakers valuable insights as the EU prepares to meet its 2030 climate goals ⬇️
RT @ESRBofficial: We’re pleased to provide the climate scenarios for this one-off exercise to assess how resilient Europe’s financial system will be during the green transition.
Looking forward to working together with the @ecb and the European Supervisory Authorities https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230328-mcguinness~7bb1dd1624.en.pdf?6d5ae5d511c62835aff1ba1935827824
What really drives inflation? Profits or wages?
When prices are high, workers request higher wages, so firms raise prices again… and so on. If this “tit-for-tat” approach continues, everyone ends up poorer.
Read #TheECBblog to find out why https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230330~00e522ecb5.en.html
We will test the financial system’s resilience to climate risks as the EU prepares to meet its 2030 climate goals – a task given to us by the @EU_Commission.
We stand ready to carry out the assessment with the European Supervisory Authorities https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230328-mcguinness~7bb1dd1624.en.pdf?6d5ae5d511c62835aff1ba1935827824
Economic Bulletin box: Liquidity conditions and monetary policy operations from 2 November 2022 to 7 February 2023 https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_08~835d6a1b6c.en.html
Economic Bulletin box: Backcasting real rates and inflation expectations – combining market-based measures and historical data https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_07~0d6329a694.en.html
Economic Bulletin box: Global value chains and COVID-19: the impact of supply bottlenecks https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_04~9cf7c60cef.en.html
Economic Bulletin box: What shapes spillovers from US monetary policy shocks to emerging market economies? https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_01~f57ac89502.en.html
The latest Economic Bulletin is out!
The Bulletin presents the economic and monetary information which forms the basis for our policy decisions.
Read more https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202302.en.html
Recent market tensions have made the inflation outlook in the euro area more uncertain, Executive Board member @FrankElderson tells @el_pais. We remain committed to bringing inflation back to our 2% target in the medium term ⬇️
RT @FrankElderson: One thing is clear: inflation is too high and we have to bring it down. In my interview with @el_pais, I talked about our recent interest rate decisions and the outlook for the euro area economy https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230330~82d6ab8337.en.html
Speech @Isabel_Schnabel : Inflation in the euro area and the US - causes, persistence, outlook (presentation slides) https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230329~8625505f4c.en.pdf?38076c0863208e08c47e0a92ada39fde
RT @FrankElderson: An EU climate and energy security fund would help address the climate emergency and meet EU commitments under the Paris Agreement.
Read this insightful paper on the legal and institutional aspects of setting up such an instrument https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op313~96012901a8.en.pdf?bf9b8426228c1259bcc6ca93d2f267b2
Chief Economist Philip R. Lane talks to @zeitonline about the latest economic developments and explains that there is no trade-off between ensuring financial stability and tackling inflation.
Read the full interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230329~b8fe0aae15.en.html
What is the best way to absorb economic shocks? Private risk sharing or public risk sharing?
#TheECBblog argues that a combination of both is more effective in protecting European citizens against poor economic performance https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230329~ec0166ef99.en.html
Geopolitical tensions are playing an ever-larger role in global trade relations, increasing the risk of fragmentation. A trade fragmentation scenario would result in welfare and trade losses and a rise in global prices https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_03~d4063f8791.en.html #EconomicBulletin
RT @Lagarde: I’m pleased to be joining the opening ceremony of the #BISInnovationHub Eurosystem Centre in Frankfurt today.
Watch the event live from 15:00 CET https://www.bis.org/events/230328_ih_eurosystem_opening.htm
@BIS_org @banquedefrance @bundesbank
Enria: Our internal model investigations aim to ensure models are reliable and their outcomes are comparable. Our goal is to ensure consistent application of supervisory practices across Europe – not to increase capital requirements by the back door.
RT @FrankElderson: The results of our first climate stress test show that climate risks have a big impact on euro area central bank balance sheets.
These tests, which are part of our @ecb climate action plan, will improve our methodology and help us cover a wider range of financial exposures ⬇️
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
